Korea Electric Power Corporation (KEP) - What Are Researchers Saying About This Stock?

Key Points

• Analysts are cautious on Korea Electric Power: The stock has a consensus “Reduce” rating, with two sell recommendations and three holds. Nomura downgraded it to neutral, while Zacks Research cut its rating to strong sell.
• Shares have declined sharply: KEP opened at $10.51, near its one-year low of $10.40 and well below its one-year high of $23.41; its 200-day moving average was $14.41.
• Quarterly results missed expectations: The company reported adjusted earnings of $0.14 per share versus the $1.03 consensus estimate, while revenue of $14.60 billion fell short of the $19.67 billion forecast.

Shares of Korea Electric Power Corporation (NYSE:KEP - Get Free Report) have been assigned a consensus rating of "Reduce" from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

Several research firms recently commented on KEP. Nomura lowered Korea Electric Power from a "buy" rating to a "neutral" rating in a report on Thursday, August 13th. Zacks Research downgraded shares of Korea Electric Power from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 9th. Finally, Weiss Ratings upgraded Korea Electric Power from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th.

Korea Electric Power Price Performance

NYSE:KEP opened at $10.51 on Tuesday. Korea Electric Power has a one year low of $10.40 and a one year high of $23.41. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.29 and a current ratio of 0.44. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 2.45, a PEG ratio of 2.00 and a beta of 0.96. The firm's fifty day moving average is $11.29 and its two-hundred day moving average is $14.41.

Korea Electric Power (NYSE:KEP - Get Free Report) last announced its quarterly earnings results on Tuesday, September 15th. The utilities provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.89). The company had revenue of $14.60 billion for the quarter, compared to analyst estimates of $19.67 billion. Korea Electric Power had a return on equity of 15.70% and a net margin of 8.15%. Research analysts expect that Korea Electric Power will post 2.59 EPS for the current year.

Institutional Trading of Korea Electric Power

Institutional investors and hedge funds have recently made changes to their positions in the business. Global Trust Asset Management LLC purchased a new position in shares of Korea Electric Power during the 1st quarter valued at approximately $28,000. Rockefeller Capital Management L.P. grew its stake in Korea Electric Power by 47.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 724 shares during the period. Royal Bank of Canada increased its holdings in Korea Electric Power by 171.4% in the 1st quarter. Royal Bank of Canada now owns 6,499 shares of the utilities provider's stock worth $93,000 after acquiring an additional 4,104 shares in the last quarter. Inspire Investing LLC increased its holdings in Korea Electric Power by 30.8% in the 3rd quarter. Inspire Investing LLC now owns 8,803 shares of the utilities provider's stock worth $96,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Nykredit A S acquired a new position in Korea Electric Power during the second quarter worth $121,000.

Korea Electric Power Company Profile

Korea Electric Power Corporation, or KEPCO, is South Korea's state-owned electric utility and the country's principal provider of electricity transmission, distribution, and retail supply services. The company delivers power to residential, commercial, and industrial customers across South Korea and operates the national transmission and distribution networks.

KEPCO coordinates electricity generation through affiliated companies, including Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, and Korea East-West Power.

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